If it's not driveable it's worth 20-25% of the value of a comparable clean titled car. If it's reconstructed and roadworthy it's worth 60% of the value of a comparable clean titled car.
That means that at some point the car was wrecked so severely that the cost to repair it exceeded 75% of the value of the car. The car was therefore totaled and sold to a salvage yard. The salvage yard sold the car to someone who repaired it and sold it with the required salvage title. You should have noticed the salvage title when you bought the car.
It means that the car was damaged, but was not reported as a salvage title. A PS Title is Pre-Salvage. It is a clean original title on a car that in most cases should have been transferred as a salvage title, but for whatever reason was not.
The salvage title has to do with obtaining a loan on the car. However, I would disclose it.
You can register with a salvage title.
You cannot legally. Once a salvage always a salvage. At best you can get a "rebuilt" title.
A salvage title car will bring far less that one without a salvage title. Deduct about 20% from the retail value.
A salvage title can be caused by a car having been damaged in a previous wreck also if a car has been previously stolen and the owner was already given a replacement before the car was found then the stolen car may receive a salvage title
It's not legal, ethical, or possible. A salvage title is a permanent brand. DON'T DO IT!!
Nope. Not legally anyway. The best you can do is totaled/reconstructed' if the car is roadworthy. Once issued a salvage title a car can never be issued a clean title legitimately.
No, the warranty is void on a salvage vehicle.
what happens if you buy a car unaware of salvage title? well, if it was from a dealer you have recourse. if it's from a private seller, too bad...UNLESS they sold you the car with a clean title when they knew it was salvage. did you look at the title before you bought the car? if it was clearly branded as salvage or totaled you're out of luck but if it was a clean title when it actually wasn't you can try and get a refund from the seller or sue. If you sue you will have prove the seller knew the title was salvage at the time of sale. good luck!!
In Texas you do.